Archive for 'Insolvency'
Protect Your Cash Flow Against Your Customers Collapse
Prevention is the best medicine
In another familiar story just recently construction and development company Austruc Constructions has been placed in the hands of administrators. (read the article on smartcompany.com.au here)
I emailed one our clients who operates in the construction industry and not surprisingly he said “Thanks, I just talked to a few contractors that got [...]
Early Intervention Is The Key To Saving Your Business
Is it time to take the road less travelled?
Up to 80% of new businesses become insolvent and fail, most within the first five years of inception.
So how can you avoid possible liquidation?
For Australian business owners, the most likely route once cash flow has dried up and with the creditors knocking on the door, is to [...]
Communication Is Paramount In Preventing Insolvency, Peter Krejci From BRI Ferrier Explains
Once the howling has started from your creditors, communication is your only hope for survival! More often that not we see business owners in trouble and they fail to do the one of the most critical things, communicate with their creditors. Suck it up and get on the phone, explain your problem…you might be suprised.
